The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-31
CONDITION OF THE MARKETS
Ali the Grain Markets Show Consider
ably More Than the Usual Weakness.
Wheat Declines and the Days Transactions
Leave Holders in Disceuragement--Loy
Prices for COrE-ProvisioHs Quiet.


A. short. but Very Lively Session, Folio wed
by a Feverish and Unsettled Closing.
NEW YORK July 3O.-Money on call easy at
405 per cent closing offered at 5 per cent.
Prime mercantile paper. 5l906 per cent.
Sterling exchange active and unsettled. with
actual business at 81. S2l2 for sixty-day bills and
81 S4ls for demand.
The total sales of stocks, to-day, 1918 908
shares including the following Delaware, Lacka-
wanna & Western. 24.o50; Erie. 8, 74O; Kansas 81
Texas 4 $40; Lake Shore g go; Louisville g. Nash
vilie IL 72O Missouri Pacific 8 257; Northwestern.
1905; New Jersey Central, $500; New York Gen.
trail, 5,615; Oregon Transcontnental, 5000; Pacific
Mail 7.115; Reading 5.4O0 st. Paul. 27,7OO;
Texas Pacific. s. 60O Union Pacific, Il. $780, Westa1n
Union. II. O55.
The short session in the stock market to-day was
the Iveest that has been since thei break OF
June 81. Stocks thrown right and left
and many wiped out the long side
Stop orders met in nearly all the active list,
while the only buying noticeable by Lon
don and the covering of shorts. To aid the depres-
sion the privilege broker rumored yesterday TO be IN
trouble did make his appearance upon the street,
and his collateral was dumped upon the market The
tremeiy ferersS Throughout, With very
violent fluctuations. the fact that the session
alzstion greater. as every was in hurry to get
OUT There stock on the list that was held.
degree. while Reading and Lackawanna recorded the
heaviest l. the active list. The inactive
Ahrm showed wide fluctuations. A halt was made.
an. the presumption that the leaders OF the bear
NOV afraid to let the decline further
The .'uening generally heavy, though declines
from D. evening s prices for small fractions
ONLY 1T the great pressure to sell knocked
prices on Immediately; and declines ranging up
to 50 per rent made in the first half hour. a
slight reacti, n followed Immediately by the
neNval of The o.ecne and everything went off with
rush The Iowa st figures were reached about LILO,
when the losses ranged up to nearly per cent from
Yesterdays final he a smart and rapid recovery
Of to ia per cent followe l. but its force
spent and prices settlecl down, the final figures
was active feversh and etled, at the low
est figures. The business amounted to 200, SO
shares. of which Reading furnished 30.4OO: ST.
Paul 27 $50; LackaIvanna 24U5O; New England,
1874 Western Unto u ,O53; North western. 49,
Of;5 and Richmond & " est Point ID 40 Everything
is naturally lower. rincipa declines being Read
ing gig Canada Southe 2os: Richmond q West
Point I'D; New Englan i, ia; Colorado Coal 2las
Northwestern, 2ls; Oma IA. 2ls. st. Paul, Pacinc
Mail Oregon & Transconti mental, Manhattan & Lack
awanna 2 and others sma Ter amounts.
Railroad bouds quite active Tor the two nonrs
of business the sales of all ssues aggregating 800
600 The market was hea w to weak throughout,
and declines established all over the list. Knox
vile q Ohio frsts fell 934 SOS Green Bay incomes
3 to 81 and Ohio Southern in. zones. 4 to So.
The weekly statement OF the Associated banks
show the following changes:
Reserve, decrease pooo. ooO
Loans increase ...-...-.-..--.-..---- $4,000
Specie, decrease ,lOO
Legal tenders, increase r------------ o. @.3OO
Deposits. decrease Z,oSo SOO
Circulation decrease. 5000
Government bonds dull and steady.
State bonds were neglect ed Closing quotations